Revolut, a digital banking alternative that features an in-app bitcoin and cryptocurrency exchange, has received a European banking license as it seeks to expand its offerings and position itself as the “Amazon of banking.” Revolut to Offer Bank Accounts in Europe The London-based unicorn, which remains one of the hottest fintech startups in the United

After securing €4 million (roughly $ 4.5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.

Bitwala’s new banking solution, which it claims was built to “close the gap between crypto and traditional banking,” was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB). Read more...

Upstart social network Gab has occasionally been dubbed the “alt-right Twitter.” A haven for mainstream social media castaways like Milo Yiannopoulos and even Alex Jones, the years-long spike in extremist right-wing terrorism has led to a backlash within the banking community toward sites which are seen to foster the ideology behind some acts of violence.

An American-Israeli teenager who made bomb threats for a living has been sentenced to a decade in prison by a Tel Aviv court after making a small fortune in bitcoin. According to prosecutors, 19-year old Michael Kadar was responsible for around 2,000 bomb hoaxes between 2015 and 2017, threats which earned him the nickname the

The niceties have been tossed out the window as Ripple (XRP), a fintech startup building a global blockchain payment network for financial institutions, revealed it has no plans to partner with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) banking network but instead plans to replace it. In a recent interview on Bloomberg TV, Ripple CEO […]SludgeFeed

Revolut, a London-based digital banking startup with a retail-focused cryptocurrency exchange and trading app, has hit the 3 million user milestone. Three years ago, banks and investors laughed at us. Today, we have signed up 3 million customers and no one is laughing now. Thank you! 💙 pic.twitter.com/zVHcFGI3jr — Revolut (@RevolutApp) November 12, 2018 The news […]SludgeFeed

The Canadian bank, VersaBank has said that its digital safety deposit box is primed and ready.

The banking firm announced on Thursday that its new VersaVault project had successfully completed beta testing. The bank is only digital and now plans to offer a digital lockbox to exchanges of cryptocurrency and crypto investment funds to store digital assets.

According to VersaBanks website, they are leading the Finance tech scene in Canada by using advanced financial technology to earn ‘outstanding profits’.It also says that back in the 90s, branchless banks were still just a pipe dream but they started one. It was Canada’s first digital-only banking reimagined by engineers, unimpeded by legacy infrastructure or legacy thinking. Read more...

An article was written by an independent analyst, Aubrey Hansen for FX Street asks the simple question of ‘why is it so hard to bank crypto?’

Hansen describes herself as a ‘digital nomad’ and is constantly travelling between countries all over the world, but having access to cash and banking services is always a concern. Looking at modern banking, which has jumped forward in advancements, traveller’s cheques are a thing of the past and as Hansen says, she has to organise her foreign currency before she travels anywhere. Nevertheless, fees for banking just get in the way in today’s world and adds up over time to become a significant drain on the finances. Read more...

A court in South Korea has ruled that the decision by a commercial bank to stop offering banking services to a cryptocurrency exchange was unlawful and must therefore be rescinded. According to the Central District Court’s 50th Civil Affairs Division, the move by South Korean commercial bank Nonghyup to cease offering deposit and withdrawal services

Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited. Tether went a step further by publishing an attestation letter from the bank, showing evidence of its reserves.

In a blog post on its website, Tether stated that Deltec accepted it as a client after a “due diligence review” was carried out, which included an assessment of the company’s ability to maintain its $ 1 peg, which slipped last month. Read more...

Crypto fanatics have been on the edge of their seats waiting for the banking firm, Goldman Sachs to make an official move on the firm’s goal to integrate Bitcoin derivatives. The rumours have been stirring since October last year when the Wall Street Journal first reported the investment banking giant might intentions of launching a Bitcoin trading operation. The latest news is that the banking firm is said to have taken on a small number of clients to actively trade a Bitcoin derivatives product.Read more...

We don’t need to search far and wide to find news regarding Ripple establishing partnerships with large banking firms – take Santander’s One Pay FX app for example.

One Pay FX is just one example that see’s Ripple working closely alongside a major banking group, other examples would include SBI of Japan and ATB Financial of Canada. A key part of the Ripple business model is the provision of major partnerships. By working with major national banks, Ripple are ensuring the adoption of their technology, giving them new customers and a guaranteed workflow that should be around for years to come.Read more...

The US regulatory body for state banking has filed a lawsuit against the federal government for granting bank charters to fintech companies. The complaint calls into question the leniency of fintech “sandbox” charters. The Office of the Comptroller of the Currency (OCC), an arm of the US Department of the Treasury, has awarded these special charters to many

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Bitfinex has restored the ability of customers to make fiat currency deposits. Details of its new deposit system remain shrouded in secrecy, however, with the exchange going to extraordinary lengths to conceal the identity of the bank(s) in question. Its “distributed” system, designed to circumvent censorship, has brought the critics out in full force.

Major investment bank Barclays has reportedly put its cryptocurrency trading project “on ice” amid a prolonged bear market that has dampened interest in the asset class among many investors. According to a Financial News report, the London-based financial institution shelved the project in September, leading to the departure of Chris Tyrer, the bank’s former head

A major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that,initially, the company plans to deploy 30 machines in three Indian cities. “These ATMs help people to cash in and cash out which was not possible before” due to the crypto banking ban imposed by the country’s central bank.

30 Crypto ATMs in 3 Cities

Unocoin has officially announced the launch of its cryptocurrency automated teller machines (ATMs). Last week, the exchange confirmed the existence of the project after someone spotted one of the machines and posted a picture of it on social media. Read more...

The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments.

On Oct. 6, Larry Cermak, former editor at Diar and head analyst at The Block, reported that leading crypto exchange Bitfinex obtained a banking partner in HSBC, a $ 133 billion banking giant based in London. “Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask